Industry Training Authority Youth Day

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Presentation transcript:

Industry Training Authority Youth Day November 22, 2017 Jeremy Higgs Executive Director & Chief Labour Market Economist Labour Market Information Office BC Ministry of Advanced Education, Skills and Training

BC’s LABOUR MARKET IN 2016

BC’s LABOUR MARKET PERFORMANCE

2017 Year-to-Date Full-time Part-time Total +71,310 +14,820 +86,110 BC’s LABOUR MARKET PERFORMANCE 2017 Year-to-Date January to October Full-time Part-time Total +71,310 +14,820 +86,110 3.83% 2.88% 3.63%

EMPLOYMENT, BY INDUSTRY 2016 SOURCE: LABOUR FORCE SURVEY

EMPLOYMENT CHANGE, BY INDUSTRY 2016 over 2015 SOURCE: LABOUR FORCE SURVEY

EMPLOYMENT, BY INDUSTRY OCTOBER 2017 SOURCE: LABOUR FORCE SURVEY CANSIM 282-0007, Nov 3, 2017

EMPLOYMENT CHANGE, BY INDUSTRY Year-to-date 2017 (vs YTD 2016) SOURCE: LABOUR FORCE SURVEY CANSIM 282-0007, Nov 3, 2017

AVERAGE HOURLY WAGES 2016

Average Hourly Wage Rate WAGES ACROSS THE COUNTRY Average Hourly Wage Rate Oct. 2017 Change in Hourly Wage (Oct. 2016 to Oct. 2017)

Labour Force Employed Unemployed REGIONAL REVIEW October Data (Year-to-Date Change) Labour Force Employed Unemployed YTD % change YTD % change YTD % change Northeast North Coast and Nechako Cariboo Kootenay Thompson-Okanagan Mainland-Southwest Vancouver Island and Coast Source: Labour Force Survey, Nov 3, 2017

About 90% of total BC employment in 2016 was in three regions SHARE OF EMPLOYMENT, BY REGION 2011 2016 About 90% of total BC employment in 2016 was in three regions

REGIONAL EMPLOYMENT GROWTH 1996-2016

BC’s CHANGING DEMOGRAPHICS 1976 2011 2016 1976 2011 2016 11 ppt 13 ppt 1976 2011 2016 1976 2011 2016 1976 2011 2016 1976 2011 2016 10 ppt 12 ppt

Some postsecondary and lower Postsecondary & university EDUCATIONAL ATTAINMENT SHARE OF LABOUR FORCE +38,800 +2.6% +35,900 +3.8% 2016 Some postsecondary and lower (labour force) Postsecondary & university (labour force)

Labour Market Outlook Highlights

ITA Trades Occupations: Demand

Emerging Themes Demographics Job Quality Automation Skills and Competencies 9/19/2017

Automation

Skills, Competencies and Worker Characteristics Red font: identified as key skills by 2020 in World Economic Forum CEO survey

Career Ladders/Lattices